By Leia Michele Toovey- Exclusive to Copper Investing News This week on the London Metal Exchange, the industrial metals rallied. Copper for delivery in three months jumped $525, or 13 per cent, to $4,655 a metric ton. Aluminum advanced 2.7 per cent, nickel 7.8 per cent and zinc 7 per cent. This was a welcome [...]
Continue reading "Is this the copper rebound we have been waiting for?"
Wednesday, September 10, 2008
Freeport-McMoRan Copper & Gold Inc. (FCX) experienced a failure at their 90.6% owned subsidiary PT Freeport Indonesia (PT-FI) where about 75,000 tonnes of material were affected at the Grasberg open pit. The incident is not expected to have a significant impact on PT-FI’s long-term mine plans. PT-FI’s mining and milling activities are continuing normally but access [...]
Continue reading "Freeport-McMoRan Copper & Gold Report Failure"
Wednesday, July 23, 2008
By Leia Michele Toovey – Exclusive to Copper Investing News Copper moved up early week, influenced by a change in the metal’s supply/demand balance. Tuesday’s NYSE copper session prices spanned from $3.6595 to $3.7450/ lb, the contract’s highest level since July 15. By Wednesday noon, copper hit a high of $3.850/ lb. In India, on [...]
Continue reading "Copper Prices Ascend"
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Thursday, October 30, 2008